Freddie Creates New Category for Hybrid ARM Securitization
January 17, 2003
Freddie Mac is set to settle its third REMIC transaction this month under a newly created category established exclusively for REMICs backed by hybrid adjustable-rate mortgages. Pricing details are not yet available on the $1.7 billion hybrid ARM REMIC, although a prospectus is in the works, according to a Freddie Mac spokeswoman.